NEW YORK, December 15, 2021 /PRNewswire/ — Overview of Software Testing Services Market Facts-

Attractive Opportunities in Software Testing Services Market by Product, Geography, and End User – Forecast and Analysis 2021-2025

  • Total Pages: 120

  • Companies: 10+ – Including Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd. and Wipro Ltd. others.

  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Supplier Landscape

  • segments: Product (application testing and product testing), end user (BFSI, telecom and media, manufacturing, retail and others)

  • Geographies: APAC (Japan, China, Indiaand South Korea), Europe (UK, Germany, Franceand Italy), North America (United States and Canada), and South America

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According to recent Technavio market research, the Software testing services market share in the IT consulting and other services industry is expected to grow by USD 34.49 billion from 2020 to 2025, with an accelerated CAGR of 12%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

North America will register the highest growth rate of 42% among other regions. The United States and Canada are the main markets for software testing services. Moreover, the growth of the market in North America will be slower than market growth in other regions.

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Overview of Suppliers-

The Software Testing Services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Accenture SA – In May 2019, the company announced the launch of INTIENT, a technology platform that dramatically improves continuity and data flow in life sciences companies. Moreover, in October 2018the company announced the launch of the myConcerto platform which enables companies to innovate, amplify business results and accelerate their digital transformation.

Capgemini SE – In October 2019, the company announced that it has developed an intelligent data platform called Project Financial and Agricultural Recommendation Models (FARM). The platform uses AI to analyze farming patterns and generate insights from the data to make recommendations.

International Business Machines Corp. – In October 2019, the company announced that it has developed an intelligent data platform called Project Financial and Agricultural Recommendation Models (FARM). The platform uses AI to analyze farming patterns and generate insights from the data to make recommendations.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

The market for software testing services in North America is expected to generate significant business opportunities for vendors over the forecast period. United States and Canada are the major software testing services markets in North America. Market growth in this region will be slower than market growth in South America and APAC regions.

Rising demand for software and application development will facilitate the growth of the software testing services market in North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market-

Find additional information on various other market drivers and trends mentioned in our Sample FREE report.

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Pure Play Software Testing Services Market by End User and Geography – Forecast and Analysis: The pure-play software testing services market size has the potential to grow by USD 6.05 billion and the growth momentum of the market will accelerate during the forecast period. Download an exclusive free sample report

Stress Testing Solutions Market by Product and Geography – Global Forecast and Analysis: Global stress testing solutions market size to grow by $3.53 billion. This market report provides a detailed analysis of the market by product and by geography. Download an exclusive free sample report

Software Testing Services Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 12%

Market Growth 2021-2025

$34.49 billion

Market structure

Fragmented

Annual growth (%)

11.92

Regional analysis

North America, Europe, APAC and South America

Successful market contribution

North America at 42%

Main consumer countries

USA, UK, Germany, Canada and China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd. and Wipro Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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